• Bitcoin sees split opinions as major $25,000 resistance combines with early signs that all is not well with the BTC price rally
• RSI “bearish divergence” causes alarm and Bitcoin woke up late Sunday to rise back above $25,000
• Monitor resource Material Indicators initially flagged the order book activity and queried how long the phenomenon might continue with bulls powerless to make inroads higher

Bitcoin Sees Mixed Signals As Major Resistance Fails To Break

Bitcoin started the last week of February in a volatile mood as a crucial area of resistance failed to break. After a classic “fakeout” during low-volume weekend trading, BTC/USD is back below $25,000, with bulls still lacking momentum. The largest cryptocurrency saw what looked like the next stage of its 2023 recovery last week, making swift gains and even tapping new six-month highs.

RSI “Bearish Divergence” Causes Alarm

After days of macroeconomic data reactions and a mostly calm start to the weekend, Bitcoin woke up late Sunday to rise back above $25,000. However, this was not to last and signs on exchange order books pointed to manipulative moves by large-volume traders. A subsequent comedown after the weekly close took BTC/USD below $24,000 before a bounce back to the same levels as Saturday where it currently trades at.

Material Indicators Flag Order Book Activity

Monitoring resource Material Indicators initially flagged the order book activity and queried how long this phenomenon might continue with bulls powerless to make inroads higher. Questions were raised as whether support will hold at the notorious bid wall or if it would spoof and dump.

Critical Monthly Close & US Federal Reserve Minutes Ahead

A critical monthly close is due this week along with potential external price triggers in form of minutes from the United States Federal Reserve. Meanwhile Bitcoin network fundamentals are due to leap to yet another all-time high with miners in full recovery mode.

Final Week Of February Overview

Cointelegraph takes a look at these factors and more in an overview of BTC price perspectives for the final week of February when we can expect split opinions on Bitcoin’s progress combined with low volume weekend trading leading up a potentially volatile month end close for BTC/USD markets.